This property looks like a bad Mid-Term investment with a projected -1.35% first-year return on $75,456 initial cash invested.
-1.35%
Cash On Cash
6.73%
Cap Rate
1.02
DSCR
$2,810
Rent
-$85
Cashflow
Cash Flow
$2,810 income − $2,895 expenses = $85 out of pocket
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,456
Downpayment
20%
$54,720
Closing costs
1%
$2,736
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,810
Total Expenses
$2,895
Mortgage P&I
54%
$1,507
Property Taxes
12%
$336
Home Insurance
3%
$98
HOA
0%
$0
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309